Since the passing of their father, Jeremy Brown, from cancer, friends of the family have arranged this account as a college/future fund for his children, Margo and Ellis Brown.  

These funds will be held and invested for the later benefit of the children as they come of age and are launching into adulthood. 


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Jessica, Jeremy's wife, will be the manager of the investment account, which is still being set up. It will most likely be a Fidelity Brokerage account invested in index funds.  She is authorized to withdraw the funds from this fundraiser into the personal account used by her and Jeremy in the short term and will move them from there to the longer-term investment vehicle once it is chosen.  She will also have discretion in the future over which of the children's expenses are covered by the account.   Jessica and Jeremy had already created a trust as a backup in case both of them should die, with Margo and Ellis as the beneficiaries, so that funds held for the minor children can be managed by a trusted adult.  This trust will be the backup beneficiary of these funds, so that if Jessica dies the trustee can continue to make sure everything is managed for the children.  This trust will allow each child to receive outright whatever is left in their share when they each reach the age of 30.